Much is made in personal finance circles about personal responsibility, attributing success and failure to a particular financial decision. Not in the weird, political, shaming-you-for-being-born-poor way, but in the here-is-how-you-game-the-system-to-get-ahead-now-don’t-we-all-feel-clever kind of way.
In many respects, it’s solid advice! We talk about how making decisions based on ethical consumption saves you money and the planet; how you should be mindful and careful of where your money goes, lest you waste it on shit you don’t actually like or need; how every day the choices you make affect your financial future in large and small ways!
For a bunch of money nerds, gamifying personal finance by connecting calculated decisions to building wealth is exciting stuff. I’m getting a little hot under the collar just thinking about it!
I’ve made some pretty big money decisions in my time. Some decisions were purely financial. Others were personal decisions with a big financial impact. Sometimes I chose right. Sometimes I really, really chose wrong.
Today I want to tell you about one of the biggest personal financial decisions I’ve ever made… and why I would never recommend it to anyone else.Read More